If a firm shuts down in the short run, will it have zero costs or not? Explain
What will be an ideal response?
No, the firm will still have fixed costs.
Economics
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Suppose Italy currently lends 1.5 billion euros to other nations and borrows 1 billion euros from other nations. Italy is definitely a
A) net borrower. B) net lender. C) creditor nation. D) debtor nation.
Economics
For a monopolistically competitive firm
A. price is greater than marginal revenue at all levels of output except for the first unit. B. price equals marginal revenue at all levels of output. C. price is less than marginal revenue at all levels of output. D. the demand curve is perfectly inelastic and marginal revenue is zero.
Economics